Question

Carla's gross pay for her pay period was $3,125. She contributed 6% of her gross pay to her 401(k) plan. How much did Carla contribute to her 401(k) plan?

A. $201.50
B. $190.50
C. $187.50
D. $203 13

Answer 1

To find Carla's 401(k) contribution, we calculate 6% of her gross pay of $3,125, which equals $187.50. Therefore, Carla contributed $187.50 to her 401(k) plan, making Option C the correct answer.

Step-by-step explanation:

To calculate how much Carla contributed to her 401(k) plan, we need to take her gross pay and calculate 6% of this amount. Carla's gross pay for her pay period is $3,125.

The contribution to the 401(k) plan is calculated as follows:

Contribution = Gross Pay × Contribution Rate

Contribution = $3,125 × 0.06

Contribution = $187.50

The correct answer to how much Carla contributed to her 401(k) plan is Option C: $187.50.